The Hanover Insurance Group, Inc. (NYSE:THG) Holdings Raised by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 28.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,290 shares of the insurance provider's stock after purchasing an additional 1,631 shares during the period. Orion Portfolio Solutions LLC's holdings in The Hanover Insurance Group were worth $1,128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pictet Asset Management Holding SA raised its stake in The Hanover Insurance Group by 15.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,437 shares of the insurance provider's stock worth $841,000 after acquiring an additional 722 shares during the period. Norges Bank bought a new position in shares of The Hanover Insurance Group in the 4th quarter valued at about $67,928,000. JPMorgan Chase & Co. increased its position in shares of The Hanover Insurance Group by 5.2% during the 4th quarter. JPMorgan Chase & Co. now owns 72,738 shares of the insurance provider's stock valued at $11,250,000 after purchasing an additional 3,573 shares during the last quarter. Vanguard Group Inc. increased its position in The Hanover Insurance Group by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider's stock valued at $558,934,000 after acquiring an additional 23,565 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in The Hanover Insurance Group by 47.7% during the 4th quarter. LPL Financial LLC now owns 11,915 shares of the insurance provider's stock valued at $1,843,000 after purchasing an additional 3,847 shares during the last quarter. Institutional investors own 86.61% of the company's stock.

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Insider Transactions at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the transaction, the chief executive officer now directly owns 124,414 shares in the company, valued at $21,772,450. This represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Piper Sandler upped their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Morgan Stanley upped their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. BMO Capital Markets lifted their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods dropped their target price on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a report on Wednesday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $178.00.

The Hanover Insurance Group Stock Performance

Shares of THG traded up $4.01 during midday trading on Wednesday, reaching $156.70. 412,361 shares of the stock were exchanged, compared to its average volume of 198,231. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 13.40 and a beta of 0.47. The Hanover Insurance Group, Inc. has a twelve month low of $119.66 and a twelve month high of $176.16. The business's 50-day moving average price is $164.83 and its 200 day moving average price is $158.14. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. On average, sell-side analysts expect that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.30%. The Hanover Insurance Group's dividend payout ratio (DPR) is 30.80%.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.